31 Gates Avenue
Danforth, Toronto
$868,000
Bedrooms: 3
Bathrooms: 3
Living Area: 1,500 sqft
Price Per Sqft: $578.67
About this Detached
in Danforth, Toronto
This classic brick residence presents a remarkable "blank canvas" opportunity for visionary homeowners, meticulous flippers, or savvy investors looking to build significant equity in a sought-after community. Its structural bones and traditional layout offer the perfect foundation for a modern transformation. Situated on 26 x 100 ft lot, the existing property offers 3 bedrooms, 3 bathrooms with endless redevelopment potential. Bright living room anchored by a fireplace and large bay window, flowing into a formal dining area with original character. The basement includes laundry facilities, a bathroom, and ample space for a workshop or recreation room. A separate entrance which allows in-law living or rental income potential. Enjoy a rear attached garage, and just the right amount of green space for outdoor living, gardening, or future landscaping plans. Set in a well-connected and quiet neighbourhood, located between Woodbine and Main Street Subway, 10 Mins walk to Danforth GO, shops, parks, restaurants, and top community amenities. This is a rare chance to secure a premium lot in a highly desirable pocket of East York. Property sold in "as-is, where-is condition". Photos have been edited and virtually staged.
Listed by RE/MAX HALLMARK REALTY LTD..
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LAND TRANSFER TAX CALCULATOR
| Purchase Price | |
| First-Time Home Buyer |
|
| Ontario Land Transfer Tax | |
| Toronto Land Transfer Tax | |
Province of Ontario (effective January 1, 2017)
For Single Family or Two Family Homes
- Up to and including $55,000.00 -> 0.5%
- $55,000.01 to $250,000.00 -> 1%
- $250,000.01 to $400,000 -> 1.5%
- $400,000.01 & $2,000,000.00 -> 2%
- Over $2,000,000.00 -> 2.5%
First-time homebuyers may be eligible for a refund of up to $4,000.
Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers
City of Toronto (effective March 1, 2017)
For Single Family or Two Family Homes
- Up to and including $55,000.00 -> 0.5%
- $55,000.01 to $250,000.00 -> 1%
- $250,000.01 to $400,000 -> 1.5%
- $400,000.01 & $2,000,000.00 -> 2%
- Over $2,000,000.00 -> 2.5%
First-time homebuyers may be eligible for a rebate of up to $4,475.
Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities
MORTGAGE CALCULATOR
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| * This material is for informational purposes only. | |||
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